USD Climbs Higher on Trump’s Comments Today
US president Donald Trump is suggesting that a vaccine on coronavirus might be coming towards the end of the year
Skerdian Meta•Thursday, May 14, 2020•1 min read
Earlier today we heard US president Donald Trump say that he supports the strong USD, on an interview on Fox Business. At the same time, he pushed for negative interest rates from the FED, which goes in contrary, although, it might happen, with large economies around the world being in deep recession and all central banks and governments throwing all they have and whatever they can borrow at the economy.
But, in the current situation, that’s not a paradox, nothing is right now actually. As a result, the USD turned slightly bullish after Trump’s comments earlier today. US president Trump made some further comments on his Tweeter feed, suggesting that a vaccine for the virus might be coming by the end of the year.
- Expects coronavirus vaccine to be given to people rapidly by year-end
- The elderly will get the vaccine first, once made available
- Will mobilize US military to deliver vaccine to most of the population
- Pelosi knows her stimulus bill will be ‘dead on arrival’
It would be quite the medical breakthrough if a vaccine can somehow be developed and mass produced in roughly six months. One can always hope I guess, but the track record from previous diseases like SARS or MERS isn’t all too encouraging to say the least.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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